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Careersβ€ΊRolesβ€ΊQuantitative Financial Analyst
Mid-Level

Quantitative Financial Analyst

Develops and validates mathematical models used in trading, risk, or portfolio management β€” owning model components, leading research projects, and contributing to investment or risk decisions. Mid-career quant work inside hedge funds, banks, asset managers, or trading firms.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
I
C
E
A
R
S
Investigativeanalytical, curious
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Industries that often hire Quantitative Financial Analysts
Financial Services Β· 32%Government Β· 26%Education Β· 6%Professional Services Β· 6%Healthcare Β· 6%Consumer Services Β· 4%
Job markets for Quantitative Financial Analysts
Where Quantitative Financial Analyst jobs concentrate Β· ~251 metro areas
Based on employment in related occupations
Mapped SOC categories:
Finance
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Quantitative Financial Analyst

Most weeks involve owning model development, leading research projects, and contributing to investment or risk decisions. You'll often own specific models or model components, propose extensions or improvements, validate performance against benchmarks or out-of-sample data, and present findings to portfolio managers, risk committees, or senior quants. Python, R, or C++ work continues, often alongside SQL and cloud infrastructure.

What's harder than people expect is the move from execution to influence β€” at this level, your analysis and recommendations get acted upon, and learning to communicate quantitative insights to non-quant decision-makers becomes as important as the math itself. Variance is large between sell-side quant (pricing, market-making, structured products), buy-side quant (alpha research, factor investing, systematic trading), and risk quant (model validation, capital calculations). A master's or PhD in a quantitative field is common.

People who tend to thrive here are mathematically rigorous, comfortable with code, and increasingly skilled at narrating quantitative findings. If you want client-facing or sales work, the role can still feel introverted. If you find satisfaction in building the math that drives real money decisions, the work tends to be intellectually challenging, well-compensated, and a launchpad into portfolio management, trading, or specialized quant leadership.

What people in this role value
IndependenceAbove avg
AchievementAbove avg
Working ConditionsAbove avg
RecognitionAbove avg
RelationshipsModerate
SupportModerate
O*NET Work Values survey
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying386 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Energy & Utilities$94K+10%
Technology & Information$94K+9%
Professional Services$92K+7%
Financial Services$83K-3%
Government$82K-4%
Compared to Finance average across all industries
1 BLS OEWS May 2024 covers all Quantitative Financial Analysts (SOC 13-2099.01), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Finance β†’
Quantitative Financial AnalystQuantitative ResearcherQuantitative MethodologistRisk Management ConsultantPortfolio ManagerFinancial EngineerData AnalystFinancial AnalystResearch AnalystFinance AnalystStructurerEquity AnalystEquity StructurerModel Risk ManagerPredictive ModelerRisk Model AuditorQuantitative AnalystQuantitative ModelerInvestment StrategistPrivate Equity AnalystModel Validation AnalystPrivate Equity AssociateQuantitative Risk AnalystQuantitative Model AnalystQuantitative Equity Analyst+1 more
Exploring the Quantitative Financial Analyst career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
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✦ Editorial β€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$46K–$152K
Salary Range
10th – 90th percentile
127K
U.S. Employment
+3.1%
10yr Growth
10K
Annual Openings

How Quantitative Financial Analyst pay & employment are changing

$77K$74K$72K$69K$66K201920202021202220232024$66K$77K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsCritical ThinkingReading ComprehensionComplex Problem SolvingSpeakingActive LearningJudgment and Decision MakingActive ListeningWritingSystems Evaluation
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
13-2099.01

Explore related roles

Roles with similar work and overlapping career paths

directorFinancial Director$162KjuniorJunior Quantitative Financial Analyst$80KseniorSenior Quantitative Financial Analyst$80KmidQuantitative Researcher$96KmidQuantitative Methodologist$108KmidRisk Management Consultant$106K
View all Finance roles β†’

Common questions about what it's like to be a Quantitative Financial Analyst

What does a Quantitative Financial Analyst do?

Develops and validates mathematical models used in trading, risk, or portfolio management β€” owning model components, leading research projects, and contributing to investment or risk decisions. Mid-career quant work inside hedge funds, banks, asset managers, or trading firms.

How much does a Quantitative Financial Analyst make?

Median pay for a Quantitative Financial Analyst is about $80K nationally, with the field ranging roughly from $46K to $152K depending on experience, employer, and metro (BLS).

What skills does a Quantitative Financial Analyst need?

Core skills for this role include Mathematics, Critical Thinking, Reading Comprehension, Complex Problem Solving, and Speaking.

What education do you need to be a Quantitative Financial Analyst?

Most people in this role hold a master's degree.

Is a Quantitative Financial Analyst in demand?

Employment in this field is projected to grow about 3.1% through 2034, with roughly 127,450 people working in it today (BLS).

What jobs are similar to a Quantitative Financial Analyst?

Closely related roles include Financial Director, Junior Quantitative Financial Analyst, and Senior Quantitative Financial Analyst.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) Β· BLS Employment Projections Β· O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.